Observations, yak, yak, yak. Roberston Stephens early January: ``We are reiterating our Buy rating on GlobeSpan,' said Veerappan. ``We believe that the just completed December quarter could prove to be an excellent one for GlobeSpan. As such, we believe that our estimates for the quarter of 12 percent sequential revenue growth to $19.1 million and loss-per-share of ($0.01) are in good shape, with possible upside.'
``We expect the outlook for the March quarter to remain solid,' said Veerappan. ``In addition, we believe that the company's strong customer focus will continue to pay off, as existing customers continue to ramp and significant new customers are added over time.'
Actual earnings: Tuesday February 1, 5:22 pm Eastern Time
Company Press Release
GlobeSpan Announces Record Fourth Quarter Revenues
Revenues of $21.1 Million and Fully Diluted EPS of $0.04
RED BANK, N.J.--(BUSINESS WIRE)--Feb. 1, 2000--GlobeSpan, Inc. (NASDAQ: GSPN - news), a leading provider of integrated circuit, software and systems designs for digital subscriber line (DSL) applications, today reported financial results for the fourth quarter and year ended December 31, 1999.
Revenues for the fourth quarter were a record $21,113,000, an increase of 150% over revenues of $8,448,000 for the fourth quarter of 1998. Net income was $927,000 or diluted earnings per common share of $0.04, compared to a net loss of $5,439,000 or basic loss per share of $0.45 in the 1998 period.
For the year ended December 31, 1999, GlobeSpan reported revenues of $56,220,000, an increase of 79% over $31,464,000 reported for the same period last year. Net loss was $9,031,000 or $0.58 basic loss per share per common share attributable to common shareholders (including a one-time preferred stock deemed dividend and accretion of $3,466,000 or $0.22 basic loss per share) compared to a net loss of $7,829,000 or $0.65 basic loss per common share in the 1998 period.
(SHOWS how close these analysts can peg eps.)
Now for AWRE: Friday January 28, 1:13 pm Eastern Time
Company Press Release
Robertson Stephens Reiterates Buy Rating on AWRE
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 28, 2000--Robertson Stephens Managing Director and Senior Communications/Networking Analyst Paul Johnson today reiterated his Buy rating on Aware Inc. (NASDAQ:AWRE - news), after the company reported solid December quarter results. Aware, headquartered in Bedford, Mass., is a DSL intellectual property company.
``We are reiterating our Buy rating on Aware, after the company reported second quarter results, which were at the high end of Street consensus estimates,' said Johnson. ``Revenue of $6.1 million and earnings-per-share of $0.08 compare favorably with our estimates of $6.1 million and $0.07, respectively.'
``Growth in the quarter came from the continued acceleration of the market for ADSL solutions,' said Johnson. ``Royalty revenue was up 54 percent sequentially.'
``We are fine-tuning our estimates for 2000 and initiating 2001 estimates,' said Johnson. ``We continue to believe our estimates are conservative.'
Tuesday February 1, 9:28 am Eastern Time
RESEARCH ALERT- Aware started at strong buy
NEW YORK, Feb 1 (Reuters) - Warburg Dillon Read said on Tuesday that it had started research coverage of Aware Inc. (NasdaqNM:AWRE - news) with a strong buy rating.
Looks like these fellas are readying themselves for some good quarters, it's always nice to buy these shares cheaply though. The interesting part is both companies are going to grow a lot, yet gspn commands a market cap of ~ 6 bill and will make maybe .12 for the year and AWRE has market cap less than 1 bill and will make .37 cents. Hard to explain these wierd inequities. I'll gamble on AWRE from here, but would love to see some gspn appreciation.
Some people dream of sugar plumb fairies, I'm dreaming of the ceo statement with the letters qcom involved. m |
